OS errno 13 - Permission Denied MySQL Server

Question

I'm having issues with MySQL workbench - I can't seem to start the server. In the command line, I navigate to:

C:\Program Files\MySQL\MySQL Server 8.0\bin\

And then run mysqld --initialize

I get the following error:

    mysqld: Can't create directory 'C:\Program Files\MySQL\MySQL Server 8.0\data\' (OS errno 13 - Permission denied)
2018-12-10T23:18:55.211840Z 0 [System] [MY-013169] [Server] C:\Program Files\MySQL\MySQL Server 8.0\bin\mysqld.exe (mysqld 8.0.11) initializing of server in progress as process 36568
2018-12-10T23:18:55.227851Z 0 [ERROR] [MY-010119] [Server] Aborting
2018-12-10T23:18:55.230796Z 0 [System] [MY-010910] [Server] C:\Program Files\MySQL\MySQL Server 8.0\bin\mysqld.exe: Shutdown complete (mysqld 8.0.11)  MySQL Community Server - GPL.

Can anyone tell me how to fix this issue? I already checked the permissions on the MySQL Server 8.0 folder, and have set all the permissions to Allow.